What is Global Twin-screw Extruders Market?
The Global Twin-screw Extruders Market is a vast and dynamic sector that encompasses a wide range of machinery used in various industries. Twin-screw extruders are a type of machine that utilizes two intermeshing, co-rotating screws mounted on splined shafts in a closed barrel. These machines are primarily used for mixing, compounding, or reacting polymeric materials. The global market for these machines is substantial, with a value of US$ 902 million in 2023. The market is projected to grow at a steady pace, reaching an estimated value of US$ 1174.7 million by 2030. This growth is driven by the increasing demand for these machines in various industries, including plastic processing, food and pharmaceuticals, among others.
Co-Rotating, Counter Rotating in the Global Twin-screw Extruders Market:
The Global Twin-screw Extruders Market is segmented based on the rotation of the screws, namely Co-Rotating and Counter Rotating. Co-Rotating twin-screw extruders have screws that rotate in the same direction. This type of extruder is particularly efficient for mixing and compounding applications, as the co-rotation of the screws ensures a uniform distribution of the materials. On the other hand, Counter Rotating twin-screw extruders have screws that rotate in opposite directions. This type of extruder is typically used for high shear applications, such as the production of PVC. In 2019, the Co-Rotating type segment accounted for the largest consumption value market share, estimated at 57%. This dominance is expected to continue during the forecast period, owing to the versatility and efficiency of Co-Rotating twin-screw extruders.
Plastic Processing, Food and Pharmaceutical, Others in the Global Twin-screw Extruders Market:
The usage of twin-screw extruders is widespread across various sectors. In the Plastic Processing industry, these machines are used for the production of a wide range of plastic products, including films, sheets, pipes, and profiles. The Food and Pharmaceutical industries also utilize twin-screw extruders for the production of various products. In the food industry, these machines are used for the extrusion cooking of cereals, snacks, and textured vegetable protein, among others. In the pharmaceutical industry, twin-screw extruders are used for the production of various drug delivery systems, including tablets, capsules, and transdermal patches. The versatility and efficiency of twin-screw extruders make them an indispensable tool in these industries.
Global Twin-screw Extruders Market Outlook:
The future of the Global Twin-screw Extruders Market looks promising, with a steady growth rate projected for the coming years. In 2023, the market was valued at US$ 902 million, and it is expected to reach US$ 1174.7 million by 2030, growing at a CAGR of 3.8% during the forecast period of 2024 to 2030. The largest consumption value market share is projected to be held by the Co-Rotating type segment, which accounted for 57% of the market share in 2019. This growth is driven by the increasing demand for twin-screw extruders in various industries, including plastic processing, food and pharmaceuticals, among others.
| Report Metric | Details |
| Report Name | Twin-screw Extruders Market |
| Accounted market size in 2023 | US$ 902 million |
| Forecasted market size in 2030 | US$ 1174.7 million |
| CAGR | 3.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Coperion, Milacron, JSW, Shibaura Machine, Leistritz, KraussMaffei group, Battenfeld-Cincinnati, Clextral, CPM Extrusion Group, Davis-Standard, NFM, ENTEK, Buhler Technologies, Kolsite, USEON, STEER, XINDA |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
